Buyers flipping out over value predictions for northern suburbs
Two of Geelong’s most affordable suburbs have the best chance to provide investors with sustained capital growth, a new report shows. Real estate analysts Hotspotting named Corio and Norlane among its national “supercharged suburbs” in its spring Price Predictor Index. The index cites strong sustained growth in the number of properties changing hands each quarter as a leading indicator of future price growth.
Home sales in Norlane have climbed from 40 per quarter to more than 70 in the past three years, while sales had lifted from 62 to 104 in Corio. House price data from CoreLogic and REIV show annual capital growth in both suburbs was already above 10 per cent. Click here to read further